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<p>[QUOTE="myownprivy, post: 3397649, member: 84588"]Jeff is right. But let's make it simple: Always know the Actual Silver Weight of a coin (ASW) and multiply that by spot. That tells you the silver value of the coin. Anything above that is premium.</p><p><br /></p><p>Our example: Spot is $15.15 right now. A Morgan dollar has .7734 ounces of silver. That means it contains $11.71 cents of silver. Simple. </p><p><br /></p><p>If you memorize the asw of common junk silver coins, do this simple calculation every time.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3397649, member: 84588"]Jeff is right. But let's make it simple: Always know the Actual Silver Weight of a coin (ASW) and multiply that by spot. That tells you the silver value of the coin. Anything above that is premium. Our example: Spot is $15.15 right now. A Morgan dollar has .7734 ounces of silver. That means it contains $11.71 cents of silver. Simple. If you memorize the asw of common junk silver coins, do this simple calculation every time.[/QUOTE]
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